Invitae shares are trading lower following a report suggesting the company is preparing for bankruptcy.
Portfolio Pulse from Benzinga Newsdesk
Invitae's stock price is declining due to reports that the company is considering filing for bankruptcy.
February 05, 2024 | 8:28 pm
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Invitae's stock is experiencing a downturn following news of potential bankruptcy preparations.
The news of a company preparing for bankruptcy typically leads to a loss of investor confidence, resulting in a decrease in stock price. Given that Invitae is directly mentioned in relation to bankruptcy preparations, it is highly likely that this news will have a negative short-term impact on NVTA's stock price.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100